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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net Revenue $ 45,116 $ 69,241 $ 109,365 $ 133,921
Expenses:        
Direct operating expenses (including related parties of $1,386, $2,007, $3,605 and $3,969) (including non-cash stock-based compensation of $104, $116, $235 and $250) 22,140 29,655 48,819 58,585
Selling, general and administrative expenses 10,897 13,545 24,488 27,359
Corporate expenses (including non-cash stock-based compensation of $699, $719, $1,357 and $1,385) 5,384 6,501 12,224 13,395
Depreciation and amortization (includes direct operating of $2,800, $2,968, $5,931 and $5,462; selling, general and administrative of $891, $1,176, $2,099 and $2,445; and corporate of $182, $162, $355 and $315) (including related parties of $307, $307, $614 and $615) 3,873 4,306 8,385 8,222
Change in fair value contingent consideration   (2,735)   (2,376)
Impairment charge   22,368 39,835 22,368
Foreign currency (gain) loss (155) (82) 1,353 50
Other operating (gain) loss (2,030) (1,597) (2,866) (3,593)
Operating income (loss) (1,440) (11,579) (36,667) (6,590)
Interest expense (2,024) (3,554) (4,704) (7,044)
Interest income 539 857 1,162 1,776
Dividend income   251 24 506
Income (loss) before income taxes (2,925) (14,025) (40,185) (11,352)
Income tax benefit (expense) 5,263 (2,252) 6,931 (3,345)
Income (loss) before equity in net income (loss) of nonconsolidated affiliate 2,338 (16,277) (33,254) (14,697)
Equity in net income (loss) of nonconsolidated affiliate, net of tax   (2)   (158)
Net income (loss) $ 2,338 $ (16,279) $ (33,254) $ (14,855)
Basic and diluted earnings per share:        
Net income (loss) per share, basic and diluted $ 0.03 $ (0.19) $ (0.39) $ (0.17)
Cash dividends declared per common share $ 0.03 $ 0.05 $ 0.08 $ 0.10
Weighted average common shares outstanding, basic 84,123,530 85,359,998 84,220,649 85,728,820
Weighted average common shares outstanding, diluted 84,669,250 85,359,998 84,220,649 85,728,820
Digital Media        
Net Revenue $ 11,373 $ 16,804 $ 24,704 $ 31,276
Expenses:        
Cost of revenue 6,447 8,859 13,794 16,501
Direct operating expenses (including related parties of $1,386, $2,007, $3,605 and $3,969) (including non-cash stock-based compensation of $104, $116, $235 and $250) 2,943 4,970 6,136 9,465
Selling, general and administrative expenses $ 3,213 3,515 6,884 6,740
Depreciation and amortization (includes direct operating of $2,800, $2,968, $5,931 and $5,462; selling, general and administrative of $891, $1,176, $2,099 and $2,445; and corporate of $182, $162, $355 and $315) (including related parties of $307, $307, $614 and $615)   $ 1,173 $ 1,150 $ 2,497